Income Taxes (Tables)

9 Months Ended

Sep. 30, 2016

Income Tax Disclosure [Abstract]

Schedule of the provision for income taxes

The provision for income taxes is comprised of the following:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2016			2015		2016		2015
Current (benefit) expense	$	(1,399	)	$	29,568	$	41,725	$	67,705
Deferred expense	16,694			1,140		37,318		11,221
Total income tax provision	$	15,295		$	30,708	$	79,043	$	78,926

Schedule of reconciliation between the statutory federal income tax rate and the Company's effective federal income tax rate

The following table presents a reconciliation between the statutory federal income tax rate and the Company’s effective income tax rate:

	Nine Months Ended September 30,
	2016		2015
Statutory federal income tax rate	35.0	%	35.0	%
Income tax effect of:
Investment income not subject to federal tax	(2.7	)%	(2.8	)%
Tax credits	(7.3	)%	(0.3	)%
State income taxes, net of federal benefit	2.5	%	1.9	%
Other, net	(0.4	)%	(0.7	)%
Effective income tax rate	27.1	%	33.1	%